The price has been ranging in the last 2 days and I'm waiting for a breakout to push the price towards $5700.
A short position at $6300, with a stop loss at $6600 and a take profit at $5700, would give a good risk to reward of 1:2.
After a huge bearish phase, the price has generated a simmetric triangle that is to be seen as the result of the congestion of the fluctuations. Both R.S.I and Stochastic haven't reached the overbought zone. However, I suggest paying attention to possible bearish crosses in the aforementioned second oscillator. The breakdown of the support or of the triangle...
This is my first idea published in english, sorry for the errors..:)
We are on NDAQ, weekly chart, the title has a powerful bullish rally, recently partially stopped.
On the daily chart we can see how the resistance that has formed the triple max on the weekly chart, has become an important support for the...
A cyclic behaivour in the IBOV index is very apparent at the moment. The period is around 4 days (2 days between each peak/bottom).
Also there is a interesting triangle (growing over time) that the index also seems to be respecting.
I am just starting to make some analysis here on TradingView.
Comments on my thoughts would be very appreciated. =)
In these time of uncertainty, it is very difficult to take a position on the equity markets.
I still think there is no reason to have a bigger correction than the one we have known in August, but I believe the market has to retest the lows before rallying again.
I think several scenarios/events could hit the market before the end of October. (2 possible FOMC...
The MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this...